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Friday, 16 June 2017

Entra ASA : Sale of Entra's sections in Akersgata 32 in Oslo

Entra ASA    

Published: 12:07 CEST 16-06-2017 /GlobeNewswire /Source: Entra ASA / : ENTRA /ISIN: NO0010716418

Entra ASA : Sale of Entra's sections in Akersgata 32 in Oslo

Entra has sold its sections of 2,100 sqm in the property Akersgata 32 in Oslo. The transaction is based on a property value of NOK 94 million representing a premium of 10 % compared to book values as of 31.03.17. The transaction is structured as a sale of shares in the company Akersgata 32 AS. Closing is expected to take place at 30 June 2017.

The transaction is in accordance with Entra's strategy to focus the portfolio on large, flexible office buildings close to public transportation hubs and to divest smaller, non-core assets.

For further queries please contact: Anders Olstad, CFO Entra ASA, tel: +47 900 22 559, email: ao@entra.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Entra ASA, Biskop Gunnerus gate 14, Oslo 0185, Norway
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